As the fight against Covid-19 continues, I wanted to share with you the most clear and concise summary of the situation I have come across from Terry Smith, CEO of Fundsmith LLP and manager of the highly rated Fundsmith Equity Fund.
Terry has written to all investors in his fund, the letter can be read in full here
Past performance is not a guide to future returns and the value of an investment and the income from it can fall as well as rise. This should not be regarded as a recommendation or solicitation to invest. If you are in any doubt about the suitability of an investment for your needs, you should seek professional advice.